Arnold Clark has taken over the Alistair Fleming Citroen dealership of TOM Group in Kilmarnock.
The move followed the appointment of Colin Dempster and Fiona Taylor of E&W Restructuring as joint administrators of TOM Group, the commercial vehicle hire, sales and services business, and its Scottish subsidiary companies TOM Vehicle Rental and Caledonian Truck & Van.
On appointment of the joint Administrators the Group ceased trading and 342 employees were made redundant across eleven locations in Scotland and England. According to E&W the group had faced challenging trading conditions in recent months.
Dempster said: “The group has incurred operational difficulties and associated liquidity problems in recent years that reflect low utilisation of their rental vehicles, as a result of a competitive market, and changing customer preferences.
“Despite the best efforts to save the group, it could not continue to operate as a going concern and administrators were appointed. It is with regret that 342 people have been made redundant.